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Defending Section 162(m) Executive Compensation Derivative Suits in the U.S.
Dechert LLP
Feb. 12, 2013 "Decisions regarding executive compensation fall squarely within the discretion of a public company's board of directors. Recently, however, plaintiffs' firms have been trying to invade the board's purview by bringing shareholder derivative actions challenging such decisions.... At least thirteen such cases were filed in 2011 and 2012, seven of which were filed in Delaware.... So far this year, the plaintiffs' firm at the forefront of this movement has issued at least twelve press releases announcing investigations of companies and their boards in connection with executive compensation." MORE >> |
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